Regulatory Alerts2021-01-12 | RESOLUCIONES DE DIRECTORIO Nº 012/2021Added · Updated
Board Resolution No. 012/2021 Approving Regulations for Debt Recovery Incentives
The Board of Directors of the Central Bank of Bolivia approves regulations allowing debtors of specific non-linked credit portfolios from liquidated financial entities to obtain debt forgiveness. Eligible obligations must have a principal balance of USD 80,000 or less, with forgiveness scales ranging from 80% to 95% for current interest and 100% for penal interest, fines, and other charges. The incentive program is valid until December 31, 2021, and requires full payment in cash or national currency at the official exchange rate.
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